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THAILAND: Indorama's new PET recycling plant
Indorama Ventures currently operates one other recycling facility, in the US, where it plans to establish a second such plant. Suchitra said the company had entered the wool business in 1994 with the establishment of Indorama Holdings as the Kingdom's first wool-yarn producer.
THAILAND: Apparel exports likely to drop by 5 percent this year
Thailand's clothing and apparel exports are expected to go down by 5 per cent this year due to the baht volatility and the quota system shift. Before recovery takes place as many as 30 per cent of current business operators may go out of business. Recovery is expected by the next year end but not before a
THAILAND: Garment industry has strong business potential
Dej Pathanasethpong, president of the Thai Garment Manufacturers Association while speaking at a seminar for exporters hosted by Bangkok Bank yesterday, has said that the industry, considered “old and un-sexy” by many, still offered strong business potential but growth rates would slow
THAILAND: Trade barriers to hamper garment exports
According to survey which was conducted between March and April, exporters of garment, textiles and cosmetics among other products are likely to be affected by tougher non-tariff barriers which are expected to cost
THAILAND: Hi-Tech Apparel announces expansion plans
Hi-Tech apparel executive director, Nipon Chavalitmontien has refuted the reports that the company is planning to shut down its plant due to appreciation of the baht. "We're expanding the business and we are employing 2,500 workers more," he said.
THAILAND: Garment firms respond to government programs
The closure of Thai Slip South East Asia import export co. has woken up the garment manufacturers who were not keen to innovate. Many have now started to take advantage of the government’s programs for their survival.
THAILAND: Garment factory offered new loans
The Thai Slip South East Import Export Co. has declared its intention to go out of business on August 7. Many banks which have provided loans to the company earlier have offered additional loans to the troubled garment factory.
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